Today, The Wall Street Journal reported that it’s getting easier for consumers to buy a car as auto loans become easier to get and dealerships offer better financing deals. Deals can be especially sweet – including some offers of no interest and no down payment – for new car buyers with good credit.
Some of the deals consumers will find include*:
- GMAC Financial Services is offering zero percent interest loans and discounted leases for certain GM and Chrysler cars financed through GMAC.
- GMAC is offering a $499/month, 39-month lease on the Cadillac CTS with $1,000 down.
- Honda Motor Co. has several leasing offers, including a $0 down, 36-month lease on a 2010 Honda Civic LX with payments of $159/month.
- The BMW “spring drive” event offers consumers a $2,500 discount on certain models.
- Lexus also has a 36-month lease deal for the Lexus IS, with the first month’s payment waived and $359/month for the remainder.
In addition, the news continues to be good for consumers with top- and middle-tier credit scores as average loan interest rates continue to fall. For those with weaker credit scores, fewer consumers are being denied outright for auto loans.
Read the full article on The Wall Street Journal Web site.
Related information on CarLocate.com: Tips for Buying and Financing a Car |
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*See your local new car dealer for complete details on each of these offers.